Heck Capital Advisors LLC Cuts Stake in Procter & Gamble Company (The) (NYSE:PG)

Key Points

• Heck Capital Advisors LLC reduced its holdings in Procter & Gamble by 8.0%, now owning 23,372 shares valued at approximately $3.98 million.
• Procter & Gamble's latest earnings report exceeded analyst expectations, posting $1.48 EPS against a consensus of $1.42, and revenue of $20.89 billion.
• The company announced a quarterly dividend of $1.0568 per share, reflecting an annualized yield of 2.7% and a payout ratio of 64.98%.

Heck Capital Advisors LLC lowered its holdings in shares of Procter & Gamble Company (The) (NYSE:PG - Free Report) by 8.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,372 shares of the company's stock after selling 2,043 shares during the period. Heck Capital Advisors LLC's holdings in Procter & Gamble were worth $3,983,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PG. Unique Wealth LLC lifted its position in Procter & Gamble by 2.9% in the 1st quarter. Unique Wealth LLC now owns 2,141 shares of the company's stock worth $365,000 after buying an additional 61 shares during the last quarter. Stableford Capital II LLC lifted its position in Procter & Gamble by 1.1% in the 1st quarter. Stableford Capital II LLC now owns 5,817 shares of the company's stock worth $993,000 after buying an additional 61 shares during the last quarter. Bernard Wealth Management Corp. lifted its position in Procter & Gamble by 20.2% in the 1st quarter. Bernard Wealth Management Corp. now owns 375 shares of the company's stock worth $64,000 after buying an additional 63 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management lifted its position in Procter & Gamble by 2.3% in the 1st quarter. B & T Capital Management DBA Alpha Capital Management now owns 2,795 shares of the company's stock worth $476,000 after buying an additional 63 shares during the last quarter. Finally, Kolinsky Wealth Management LLC lifted its position in Procter & Gamble by 1.1% in the 4th quarter. Kolinsky Wealth Management LLC now owns 5,738 shares of the company's stock worth $962,000 after buying an additional 64 shares during the last quarter. Institutional investors and hedge funds own 65.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group set a $180.00 target price on Procter & Gamble and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Evercore ISI restated an "in-line" rating and issued a $170.00 target price (down previously from $190.00) on shares of Procter & Gamble in a research report on Monday, July 14th. Redburn Atlantic downgraded Procter & Gamble from a "buy" rating to a "neutral" rating and set a $161.00 price objective for the company. in a research report on Thursday, May 1st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $170.00 price objective (down previously from $178.00) on shares of Procter & Gamble in a research report on Friday, July 25th. Finally, Bank of America lowered their price objective on Procter & Gamble from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Procter & Gamble has an average rating of "Moderate Buy" and an average price target of $175.88.

Procter & Gamble Trading Down 1.0%

Shares of PG traded down $1.58 during mid-day trading on Thursday, hitting $153.83. 6,342,893 shares of the company's stock traded hands, compared to its average volume of 7,504,851. The company has a quick ratio of 0.49, a current ratio of 0.70 and a debt-to-equity ratio of 0.49. Procter & Gamble Company has a 1 year low of $149.91 and a 1 year high of $180.43. The firm has a market capitalization of $360.32 billion, a P/E ratio of 23.63, a PEG ratio of 4.10 and a beta of 0.37. The business's 50-day moving average price is $157.38 and its 200-day moving average price is $163.37.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to analysts' expectations of $20.79 billion. Procter & Gamble had a return on equity of 32.69% and a net margin of 18.95%. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.40 earnings per share. As a group, sell-side analysts forecast that Procter & Gamble Company will post 6.91 EPS for the current fiscal year.

Procter & Gamble Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 18th will be paid a $1.0568 dividend. This represents a $4.23 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 18th. Procter & Gamble's dividend payout ratio is presently 64.98%.

About Procter & Gamble

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.